Posco Future M, formerly called Posco Chemical, said Tuesday it would construct an electric vehicle battery materials plant in Pohang, North Gyeongsang Province, after landing a 40 trillion won ($30.6 billion) deal with Samsung SDI earlier this year. During a shareholders meeting Monday, the company decided to build a 392 billion-won plant that exclusively produces nickel cobalt aluminum (NCA) battery materials for the first time. The estimated annual production capacity is 30,000 tons, enough

Hyundai Motor Group on Tuesday unveiled an artificial intelligence-based automotive charging robot. According to the carmaker’s test video, the robot communicates with the Ioniq 6 electric sedan and controls the charging process, from parking to opening and closing the charger port cover. Details about the robot’s mass-market debut were not disclosed immediately.

Hyundai Motor Group’s Kia on Monday unveiled the concept of its full-electric midsized sport utility vehicle EV5 in China, renewing its sales push in the all-important market where it has struggled to elevate its shrunken market share. The carmaker held the Kia EV Day event, its first media event this year, in Shanghai. Earlier, Kia said it would produce the EV5 in China for both domestic and global sales. The car is the smallest of its EV lineup. Since the 2021 debut of the EV6, its fir

IRA-backed US state plans to set up liaison office in Seoul to bolster ties with battery makers

S. Korean battery maker to secure over 250 GWh in North American production capacity by 2025

Relief goods are shipped to Korean Air’s special charter flight before it departs for Turkey on Monday. The Boeing 777 freighter carried 45 tons of relief goods, including tents, sleeping bags and blankets, to be delivered to the area hit by the Turkey-Syria tearthquake in February.

Swedish automaker aims for 30% of Korean sales to be EV trucks by 2027

The upcoming Seoul Mobility Show will unveil a wide range of innovative transportation spanning from new electric vehicles to air taxis, the organizing committee said Thursday. The 11-day exhibition, slated for March 30 - April 9, is scheduled to take place at Kintex in Gyeonggi Province. More than 160 mobility companies including automakers, mobility service providers and mobility software companies across 10 countries will participate in the event, a 60 percent jump from a year earlier, accord

Rolls-Royce Motor Cars on Thursday unveiled the Korea-only Lucid Night Editions of the Rolls-Royce Black Badge Cullinan SUV. The three limited-edition cars were inspired by the night view of Seoul that represents South Korea’s dynamics and modernity, the ultra-luxury carmaker said. Their prices are estimated at over 800 million won ($610,000). Rolls-Royce CEO Torsten Muller-Otvos is scheduled to visit Seoul later this month.

South Korean automaker Kia on Wednesday unveiled the official design of the Kia EV9, a large all-electric sport utility vehicle. Kia said it will release detailed information about the Kia EV9 later this month and debut the car at the upcoming Seoul Mobility Show on March 31-April l9 at Kintex in Gyeonggi Province.

Hyundai Motor Group has become the world’s third-largest carmaker in terms of sales, an impressive feat after more than two decades when, in 2000, the South Korean auto giant made it to the global top 10 list. According to its regulatory filing Wednesday, the carmaker sold a total of 6.8 million vehicles last year, the third highest after Toyota’s 14.8 million units and Volkswagen’s 8.5 million units. The sales figure outpaced Renault-Nissan Alliance's 6.2 million unit

With planned acquisition, Hyundai, Kia’s combined production capacity to exceed 1 million units in world's 3rd largest car market

South Korean personal mobility startup Swing said Monday that it is starting services for foreign users by diversifying identity verification methods to include passports and international driving licenses. In a recent mobile application upgrade, foreign nationals living or visiting Korea can register for a membership through a simpler identification process to use the company’s mobility services using electric scooters, bicycles, or boards. Currently, the app supports Korean and English,

Korean tire maker putting all-out effort to minimize losses, keep supply afloat

US auto giant Ford recently reiterated SK On’s battery defect in recalling 18 F-150 Lightnings that led to the production shutdown of the electric pickup trucks after a battery fire incident last month. “Ford is recalling 18 F-150 Lightnings due to a battery cell manufacturing defect, which occurred over a four-week period starting at the end of last year,” the carmaker said in a statement Friday local time. SK On is the battery supplier for the flagship model. The trucks mig